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New York Talks Lift Hopes Of Small Argentine Bondholders

wochit politics
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July 07, 2014 AT 9:02 AM
On Monday, an Argentine delegation is set to arrive in New York to meet with a mediator in its dispute with holdout bondholders led by a small group of creditors. But it isn't just the $1.5 billion owed to hedge funds Elliott Management, Aurelius Capital Management and Olifant Fund at stake. There are also hundreds of smaller funds and pensioners as far away as Europe, who are claiming much smaller amounts—and who also have stood their ground to recoup their investments in full.